On September 13, 2024, Ablu (301259.SZ) announced that the company held the eighth meeting of the third board of directors and the seventh meeting of the third supervisory board, and approved the Proposal on Increasing the Capital of Subsidiaries and Introducing Investors into Subsidiaries. Based on the needs of business development, the company plans to increase the capital of its wholly-owned subsidiary, Hangzhou Xingluo Zhonghao Technology Co., Ltd. (referred to as "Xingluo Zhonghao"), by 0.125 billion yuan using its own funds. The company's wholly-owned subsidiary, Xingluo Zhisuan Technology (Hangzhou) Co., Ltd. (referred to as "Xingluo Zhisuan (Hangzhou)"), plans to increase the capital of Xingluo Zhonghao by 24.9 million yuan using its own funds. At the same time, Xingluo Zhonghao will introduce three new investors through capital increase, including Chen Fuxiang with a self-funded capital increase of 70 million yuan, Qiu Zhongwei with a self-funded capital increase of 20 million yuan, and Liu De with a self-funded capital increase of 10 million yuan. The above capital increase prices are all 1 yuan/registered capital, with a total capital increase of 249.9 million yuan to Xingluo Zhonghao.

After this capital increase, the registered capital of Xingluo Zhonghao will be increased to 250 million yuan. The company will directly hold 50% equity of Xingluo Zhonghao, and Xingluo Zhonghao will change from a wholly-owned subsidiary to a holding subsidiary, with no change in the scope of consolidated financial statements of the company.

Based on the changes in the shareholding of Xingluo Zhonghao mentioned above, the company, Xingluo Zhisuan (Hangzhou), Mr. Qiu Zhongwei, Mr. Chen Fuxiang, and Mr. Liu De jointly signed the Hangzhou Xingluo Zhonghao Technology Co., Ltd. capital increase agreement.